aplonBULK is a platform independent plug-in that can be integrated in a matter of days with a banks existing payments system to provide the additional functionality required.
Acting as an interface to the banks payments system, aplonBULK enables existing systems to be enhanced to support bulk corporate payments.
Payments are communicated from the Corporates using ISO 20022 format payment initiation (pain) messages to ensure global compatibility.
The status of each payment is continuously updated during the payment process and reported to the corporate to facilitate the updating of their internal systems.
Immediate benefits include:
- Streamlining of corporate accounts payable process
- Secure and fast receipt of multiple payment instructions
- Better control of the payments process compared to the traditional, time intensive instructing and processing of individual transactions
- Feedback of a payments status automatically reported to the corporate
- Automatic warehousing of future payments
- Utilizes industry standard ISO 20022 format payment initiation messages for increased flexibility and global compatability
Take the next step to discover why PaymentComponents are the perfect choice to be your corporate payments strategic partner.
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